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It's about that time of the cycle where Bitcoin yield products start rolling out, but we're not like other yield ideas, we're a publicly listed company and we're only going to arb between spot and futures, but we're already claiming returns of 4% - 8%

https://www.theblock.co/post/352173/coinbase-eyes-4-8-annualized-btc-returns-via-bitcoin-yield-fund

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Discussion

Juraj 8mo ago

Important distinction - the carry trade yields 4-8% but in fiat terms, not BTC!

So you get yield but lose the Bitcoin upside.

That is what I call a spectacularly bad deal.

TheBitcoinManual 8mo ago

Ah yes good point, I guess if you're fiat minded you don't account for the loss in purchasing power, you're so focused on the nominal figure